The crypto market shed nearly $300 billion in market capitalization in October, posting its first monthly decline in four months. Bitcoin fell 7.3%, while Ethereum dropped 16.3%, and more than $6 billion in positions were liquidated, including $4.2 billion in longs. Bitcoin dominance nevertheless rose 2% to 60.9%, indicating that capital rotated toward the asset amid broader risk aversion. If the $15 billion in shorts accumulated above $85,000 are liquidated, they could fuel another rally, with $90,000 or higher cited as end-of-year targets.
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